Anikuro

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Anikuro
안니카탸공화국 아니쿠로
Currency Anikatia.png
Currently circulating banknotes of the Anikatian Anikuro.
ISO 4217
Code AKO
Denominations
Subunit
 1/100 aeyuk (애윸)
Theoretical (not used)
Plural The language(s) of this currency does not have a morphological plural distinction.
Symbol(Unicode U+20B3)
Banknotes ₳1000, ₳5000, ₳10,000, ₳50,000
Coins ₳10, ₳50, ₳100, ₳500
Demographics
User(s)  Anikatia
Issuance
Central bank Central Bank of Anikatia
 Website eng.cba.co.ank
Printer Anikatia Minting and Security Printing Corporation
 Website english.amsco.co.ank
Mint Anikatia Minting and Security Printing Corporation
 Website english.amsco.co.ank
Valuation
Inflation 1.1%
 Source February 2014

The Anikuro (아니쿠로) (symbol: ; code: AKO) is the currency of Anikatia. A single anikuro is divided into 100 aeyuk, the monetary subunit. The aeyuk is no longer used for everyday transactions, and appears only in foreign exchange rates. The anikuro is issued by the Central Bank of Anikatia, based in the capital city, Antiytia. Formerly, the anikuro was also the currency of the the DSRA before its dissolution.

History

During the colonial era, the Belfie and the Anikatian Belfie was used until a new currency was suggested with the pending creation of the newly fully independent Republic of Anikatia. There were many proposed names included more exotic suggestions such as the the hwan, the royal, the quid, mun. The royalist names for the currency proved unpopular and were dropped in favour of the more popular name Anikuro. During the Great Eastern War, the Anikatian Belfie was replaced at par by the Prestonian yen, made up of the Anikatian yen.

The Anikatian Belfie, introduced in 1864 and officially distinct in value from the Belfie since the 1930s, was replaced by the anikuro on 17 February 1952. After the 1967 revolution and creation of the DSRA the anikuro was kept but new notes were issued and all of them featured the Kai Seul-ki the leader of the new state. Since the dissolution of the DSRA and return of the Republic of Anikatia a new series of notes has been issued featuring notable historical figures along with new leaders of the new republic.

Banknotes

Anikatia was one of the first country in the world to have a complete system of banknotes made from polymer. These notes provide much greater security against counterfeiting. The polymer notes are cleaner than paper notes, are more durable and easily recyclable.

The revolutionary polymer notes were first introduced in 1987 by the DSRA with the issue of a commemorative $1000 note, marking DSRA's 20th anniversary of the socialist state, the notes featured the theme of the revolution.

Coins

In 1989, with the increasing popularity of vending machines, 500 anikuro coins were introduced on June 12, 1989. In January 1993, with the purpose of standardizing the coinage, a new series of 1, 5, 10, 50, and 100 anikuro coins were issued, using the same layout as the 500 anikuro coins, but conserving the coins old themes.

Banknotes

Current Exchange Rate from Vyrant Finance
As of May 28 2015
Currency ISO 4217 code
(Symbol)
Exchange Rate
Anikatia Anikuro
AKO (₳)
1.00000
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United Republic dollar
URD ($)
0.000902748
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Prestonian yen
PRY (¥)
0.112062
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Rodarian leu
RL (RL)
0.00559873

In 1980, the 100 anikuro notes were replaced by coins, with the same happening to the 50 anikuro notes in 1982.

Higher denomination notes of 5000 anikuro and 10,000 anikuro were introduced in 1982 and 1983 respectively. The notes incorporated new security features, including watermark, security thread and ultraviolet response fibres. The release of 10,000 anikuro notes was planned to be at the same time as the 5000 anikuro notes but problems with the main theme delayed it by a year. Newly designed 500 anikuro notes were also released in 1983 and the need for a medium denomination resulted in the introduction of 1000 anikuro notes in 1985.

In 1992, the 500 anikuro note was replaced by a coin. The following year, as part of its policy of rationalising the currency system, the Central Bank issued a new set of notes, as well as a new set of coins. Some of the note's most notable features were distinguishable marks for the blind under the watermark and the addition of machine-readable language in preparation for mechanization of cash handling. They were also printed on better quality cotton pulp to reduce the production costs by extending their circulation life.

Post-DSRA new series

Following the fall of the DSRA in 2001, the anikuro remained the currency of the Republic of Anikatia. A new set of banknotes was issued in the name of Central Bank of Anikatia in 2003. During the period of hyperinflation of the early 2000s, the anikuro was significantly devalued. An administrative steps were taken to reduce the unwieldiness of the old anikuro but occurred on the brink of the 2002 Anikatian financial crisis. This led the government to issue a new series of banknotes, with the 5000 anikuro note being the first one to be redesigned. Later in 2005, the 1000 and the 10,000 anikuro note was introduced.

The banknotes include over 10 security features in each denomination. Many modern security features that can be also found in the United Republic dollars, Union Reserve Dollar and other modern banknotes. Some security features inserted in anikuro notes are:

  • Holograms with 3D images that change colors within the metallic foil on the obverse side of the notes (except ₩1000)
  • Watermark portraits of the effigy of the note is visible when held to the light in the white section of the note
  • Intaglio printing on words and the effigy give off a raised feeling, different from ordinary paper
  • Security thread in the right side of the obverse side with small lettering and the denomination
  • Color shifting ink on the value number at the back of the note

For the first time in the world, the AMSCO, the Anikatian mint, inserted a new substance in the notes to detect counterfeits.

Anikuro notes '2004'—'2007' series
Image Value Main Colour Description Date of issue
Obverse Reverse
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₳1000 Green Emperor Ka-Shij Yi'apnic with the Sky Palace in the background. Tea plantation, Gwokue. January 8, 2005
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₳5000 Blue Empress Jy'jito Äyeh-Lümei with the Grand Eastern Yeosindo temple in the background. The Yekkwae Mountain range. Ak'ijianun Mul Sawon Water Temple, North Kwontyani. Feburay 2, 2004
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₳10 000 Orange Choi Kyu-sik, with the city of Namju in the background. The Mul Sawon Water Temple, North Kwontyani. January 25, 2005
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₳50 000 Red Kyon Chi-won with Seubyeni City in the background. The Seubyeni Islands, with fishermen on a boat. May 5, 2007

Currency production

The Central Bank of Anikatia is the only institution in Anikatia that has the right to print banknotes and mint coins. The banknotes and coins are printed at a government-owned corporation, under the guidance of the Central Bank of Anikatia. After the new crisp banknotes and coins are printed or minted, they are bundled up in bundles or rolls and shipped to the headquarters of the Central Bank of Anikatia. When delivered, the banknotes and coins are deposited inside the Bank's vault, ready to be distributed to commercial banks when requested.

See also